Exemption to gold, silver and platinum imported under specified schemes

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....at it is necessary in the public interest so to do, ^10[hereby exempts silver, gold and platinum of the description specified in column (3) of the Table below falling under headings 71.06, 71.08 and 71.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India under the scheme specified in column (2) of the said Table, from so much of the duty of customs leviable thereon under the said First Schedule as specified in the corresponding entry in column (4) of the said Table, and from the whole of the additional duty leviable thereon under sub-sections (1), (3) and (5) of section 3 of the said Customs Tariff Act:- TABLE Sl. No. Scheme under Foreign Trade Policy Description of goods Amount o....

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....stoms or the Deputy Commissioner of Customs to satisfy himself with regard to eligibility of the importer for the duty free import of replenishment material: ^7[^3[Provided further that in the case of import of gold / silver / platinum under the scheme for 'Export Against Supply by Nominated Agencies', the importer executes a bond in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs, undertaking to export, either by itself or through other exporters, gold / silver / platinum jewellery or articles, as the case may be, including studded articles having gold / silver / platinum content equivalent to the imported gold / silver / platinum within a period of ninety....

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....Trade Policy, 2023 notified by the Government of India, Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- section (ii) vide Notification No 1/2023, dated the 31st March, 2023] ^23[(b) 'Handbook of Procedures' means Handbook of Procedures, 2023 notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-I, Section-I vide Public Notice No 01/2023, dated the 1st April, 2023.] ^24[(c) Nominated agencies' means (1) Handicraft and Handloom Export Corporation (HHEC); (2) MSTC Ltd; (3) Diamond India Limited (DIL); (4) any bank as authorised by Reserve Bank of India as Nomin....

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....fferent between the quantity issued and that contained in the exported jewellery or articles:" 4. Substituted vide Not. 33/2015 - Dated 15-5-2015, before it was read as, "(a) 'Foreign Trade Policy' means Foreign Trade Policy, 2009 - 2014, notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub section (ii) vide notification No. 1/2009-2014, dated the 27th August, 2009, as amended from time to time." 5. Substituted vide Not. 33/2015 - Dated 15-5-2015, before it was read as, "(b) 'Handbook of Procedures (Volume-I)' means Handbook of Procedures (Volume-I) notified by the Government of India in t....

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....ively of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India,- (a) as replenishment under the Scheme for 'Export through Exhibitions/Export promotion Tours/Export of Branded Jewellery' as referred to in ^1[paragraph 4.46]  of the Foreign Trade Policy , read with relevant provisions of chapter 4 of the Handbook of Procedures, Volume 1, or (b) under the Scheme for 'Export Against Supply by Nominated Agencies' as referred to in ^2[paragraph 4.41] of the Foreign Trade Policy, read with relevant provisions of Chapter 4 of the Handbook of Procedures, Volume-1, from the whole of the duty of customs leviable thereon, which is specified in the said First Schedule, and from ....

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.... March,.2009" 19.  Substituted vide Notification No. 09/2023-Customs dated 01-02-2023 w.e.f. 02-02-2023 before it was read as, "^16[11.85%]"  19A. Substituted vide Notification No. 09/2023-Customs dated 01-02-2023 w.e.f. 02-02-2023 before it was read as, "^14[6.1%]" 20.  Substituted vide Notification No. 28/2023 - Customs, dated 01.04.2023, before it was read as, "4.46" 21.  Substituted vide Notification No. 28/2023 - Customs, dated 01.04.2023, before it was read as, "4.41" 22. Substituted vide Notification No. 28/2023 - Customs, dated 01.04.2023, before it was read as,  ^"^4[(a) 'Foreign Trade Policy' means Foreign Trade Policy,  2015 - 2020 notified b....